UK Shipping wants discussion over emissions
The UK Chamber of Shipping has urged the international shipping industry to keep the door open on all options to reduce carbon emissions. The Chamber says it welcomes movement to reduce emissions but...
View ArticleManchester leads £2.7m jet engine emissions research
Manchester University is leading a £2.7 million research project to help reduce jet engine emissions. The four-year study, which is backed by firms including maker of jet engines Rolls-Royce, will...
View ArticleAussies could save billions from EU carbon link
Australian companies could save around AUD2.5 billion (£1.6 billion) in the next five years following the nation’s decision to link its carbon pricing scheme with the EU. Carbon analysts at RepuTex...
View ArticleCBI calls for ‘urgent’ 2030 carbon target
The UK’s leading business organisation has called for Europe to adopt a 2030 carbon target as a matter of urgency. The CBI said there should be political agreement on a new European energy and climate...
View ArticleRenewable projects get €1.2bn from EU
The European Commission has awarded more than €1.2 billion (£976m) in subsidies to help kick-start 23 innovative renewable energy projects. The projects will be co-financed with revenues from the sale...
View ArticleEU energy sector needs trillion Euros of investment
An investment of €1 trillion (£846bn) is needed in the European Union’s energy network over the coming decade to avoid a crisis. That’s the conclusion of an eight-month inquiry by the House of Lords...
View ArticleEU Ministers call for decision on carbon market
Members of the European Parliament (MEPs) and Governments must decide on a plan to reform the EU carbon market, a joint statement from nine energy and environment ministers said. Ministers from EU...
View ArticleSouth Korea could have ‘world’s highest’ carbon prices
Carbon prices in South Korea (pictured) could reach the penalty level of $90 (£59) per tonne of CO2 – making it the highest in the world. The forecast from analysts at Bloomberg New Energy Finance...
View ArticleUK businesses must plan ahead of EU carbon vote
UK businesses are being urged to review their carbon strategies ahead of the EU vote on back-loading permits next month as it could triple the market price of carbon. Business power supplier Gazprom...
View ArticleDECC seeks views on proposed EU ETS penalty changes
The UK Government is seeking views on the proposed changes to regulations on simplifying the EU Emissions Trading System (ETS) penalties for businesses. The ETS was introduced in 2005 to help the EU...
View ArticleCarbon markets ‘need to be linked’ for cross border trading
Emissions trading systems around the world need to be linked together according to International Emissions Trading Association (IETA). In its annual Greenhouse Gas Markets report the association said...
View ArticleCarbon trading should be linked globally, MPs say
A system to allow carbon trade to be linked between countries across the globe is the “most cost effective way possible” to cut CO2 emissions. The Energy and Climate Change Committee believes the...
View ArticleUK joins EU nations backing early carbon market reform
The UK, along with eight other member states, have reiterated their call for “ambitious and early action” to reform the EU Emissions Trading System. UK Energy Secretary Ed Davey has signed a joint...
View ArticleEU agrees to fix emissions trading scheme
The EU Environment Council has agreed new measures to reform the Emissions Trading System (ETS). It has agreed to create a market stability reserve (MSR) for the greenhouse gas emissions trading...
View ArticleSurplus of EU emission allowances fall
The surplus of Carbon Dioxide emission allowances in the EU started declining in 2015. This is the first significant decrease since unused Emissions Trading System (ETS) allowances started accumulating...
View ArticleMEPs vote to reduce emissions trading carbon credits
Members of the European Parliament (MEPs) have backed proposals to reform the EU Emissions Trading System (ETS) beyond 2021 to balance greater cuts in greenhouse gases. The EU ETS works as a ‘cap and...
View ArticleMember States agree EU carbon trading reform
Plans to reform the EU’s trading scheme for cutting carbon emissions have been approved by Member States. The overhaul of the Emissions Trading System (ETS) comes just two weeks after the European...
View ArticleUK businesses must plan ahead of EU carbon vote
UK businesses are being urged to review their carbon strategies ahead of the EU vote on back-loading permits next month as it could triple the market price of carbon. Business power supplier Gazprom...
View ArticleDECC seeks views on proposed EU ETS penalty changes
The UK Government is seeking views on the proposed changes to regulations on simplifying the EU Emissions Trading System (ETS) penalties for businesses. The ETS was introduced in 2005 to help the EU...
View ArticleCarbon markets ‘need to be linked’ for cross border trading
Emissions trading systems around the world need to be linked together according to International Emissions Trading Association (IETA). In its annual Greenhouse Gas Markets report the association said...
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